Companies Registered in England no. 409650 ШЁ (shire & 9922108 Registered Charity no. 210807 ■ Wildlife Trust
Annual Report and
Consolidated Accounts
Year ended 31 March 2020
Love Love lA/iUl^e ywt.org.uk Companies Registered in England no. 409650 & 9922108 Yorkshire Wildlife Trust as at 31 March 2020
Directors and Trustees Reference and administrative details
Trustees serving during the year are as follows: Yorkshire Wildlife Trust
Charity number 210807 Alastair Fitter Company number 409650 Christine Packer David Counsell Yorkshire Wildlife Services Limited Gurdev Singh Company number 9922108 Hugh Williamson Joanna Webb Principal office Joanna Royle 1 St. George’s Place, York, YO24 1GN Louise Farnell Martin Randle Legal Advisors Mike Cooke Harland & Co, 18 St Saviourgate, York, YO1 8NS Otter (Credit: Paddy Hall Richard Tripp Auditors Saffery Champness LLP, Chartered Accountants and Registered Auditors, Mitre House, North Park Road Harrogate, HG1 5RX Officers of the Trust President Bankers Sir John Lawton Barclays Bank plc, 1 Parliament Street, York, YO1 8SE
Honorary Life Vice Presidents Patrons Derrick Boatman The Earl Peel Maurice Nethercoat Paul Sykes Stephen Martin Chair of the Board Mike Cooke Chief Executive Officer Dr Robert Stoneman (until May 2019) Company Secretary Rachael Bice (from September 2019) Richard Tripp Interim Chief Executive Officer Honorary Treasurer Caroline Thorogood (May 2019 to September 2019) Hugh Williamson (Until March 2020) Martin Randle (from April 2020) Director of Finance & Central Services Peter Batchelor Directors of Yorkshire Wildlife Services Limited Peter Batchelor Director of Fundraising and Engagement Christine Packer Amanda Spivack
Operations Directors Terry Smithson Caroline Thorogood (Until December 2019)
Page | 2 Yorkshire Wildlife Trust Report of the Board of Trustees
The Trustees of Yorkshire Wildlife Trust are pleased to present their Annual Report and the Consolidated Audited Accounts for the year to 31st March 2020.
Our Vision
Yorkshire Wildlife Trust works for a Yorkshire rich in wildlife, for the benefit of everyone, with more wildlife, more wild places and more people having a strong connection to nature.
We aim to reverse the decline in Yorkshire's Wildlife on land and sea and inspire others to work with us to achieve this goal.
OtterThe Lighthouse(Credit: Luke at MasseySpurn Point) (Credit: James Hardisty)
Charitable Objects
The objects for which the Trust is established are:
• For the benefit of the public, to advance, promote and further the conservation, maintenance and protection of: wildlife and its habitats; places of natural beauty; places of zoological, botanical, geographical, archaeological or scientific interest; features of landscape with geological, physiographical, or amenity value in particular, but not exclusively, in ways that further biodiversity. • To advance the education of the public in: the principles and practice of sustainable development; and the principles and practice of biodiversity conservation. • To promote research in all branches of nature study and to publish the useful results thereof.
The Trustees also confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.
The annual report and the consolidated audited accounts are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The trustees, who are also directors of the charity for the purposes of the Companies Act, have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Effective 1 January 2015).
Yorkshire Wildlife Trust ("YWT") is a Charity registered with the Charity Commission in England and Wales and a company limited by guarantee governed by its Articles of Association. The financial statements comply with the Charities Act 2011 and the Companies Act 2006. Tawny Owl chick(Credit: Peter Batchelor)
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A message from our Chair of Trustees
It is a real pleasure to contribute as Chair of the Board of Trustees at Yorkshire Wildlife Trust to this Annual Report and Accounts for the year to 31 March 2020.
All that follows in this report summarises another strong year for the organisation but also one of transition and redoubling of our efforts to restore nature across our lovely Yorkshire landscapes and our part of The North Sea.
On behalf of the Board of Trustees, I commend this to you alongside our fantastic staff, great volunteers and our committed membership.
During 2019/20 Yorkshire Wildlife Trust have been working in partnership to promote Yorkshire’s nature in living landscapes, living seas and to increasingly engage the growing interest that many within the public have with the environment.
We have achieved some good things but there is much to do at a real time of uncertainty. As environmental legislation moves from mostly European to National to include agriculture, marine, climate crisis measures and wider greener policies we have been proactive. We have advocated for wide and strong policies and were really pleased to see the support from Yorkshire for progressive legislation for example on Marine Conservation Zones, and progression of nature recovery networks supported by land management scheme pilots. The uncertainty of withdrawal from the European Union was exacerbated significantly at the end of the year with the outbreak of Coronavirus. All of these issues have profound effects in future for the wider environment in which we operate.
So, 2019/20 was a year of transition but also great achievement which gave us a very strong baseline to move into uncharted times in 2020/21 with resilience and clear ambition for the future. We were delighted to welcome our new Chief Executive, Rachael Bice who has settled in well and guided a strong Senior Leadership Team through a year where we: • Opened Ripon City Wetlands a fantastic new reserve created in partnership with Aggregate Industries for the local community. • Hosted The Wildlife Zone at Castle Howard Countryfile Live. • Defended Askham Bog with 7,500 others by contesting plans for a housing development too near the Site of Special Scientific Interest, also our founding very special nature reserve. • Influenced and welcomed the designation of several Marine Conservation Zones in our part of The North Sea. • Continued amazing progress with Yorkshire Peat Partnership including an Appeal which raised over £70,000. • Influenced and started to deliver new programmes of community engagement within schools and Black and Asian Minority Ethnic Communities. • Reviewed and progressed our partnership working across Yorkshire to build a wider alliance for the future. • Held a brilliant staff conference themed on values - courage was the one that really came through.
In our Strategic Report you will find many examples of the inspiring conservation, partnership and engagement work we have been doing and I thank her, Directors and all the staff, supported by our great volunteers and generous members for continuing to achieve great things in a tough and uncertain environment.
We have used this year to refresh and clarify our plans and priorities and we will be redoubling our efforts to link up places for nature, in partnership nationally, across the north and in iconic Yorkshire. We look forward to working with all partners as restrictions lift during 2020/21 to allow public full enjoyment of nature, wildlife and their engagement with all those things in Yorkshire.
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Finally, I would like to give my thanks and very best wishes to Caroline Thorogood who left the organisation after sixteen very successful years and to Hugh Williamson who also stepped down as Honorary Treasurer at the end of 2019/20.
My very best wishes to all in creating an even wilder, more iconic Yorkshire in future as part of wider recovery in future.
Professor Mike Cooke CBE Chair
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Our changing context
It is a privilege to be writing my first strategic report for Yorkshire Wildlife Trust, and to report to you what has been achieved in the past year which now seems so long ago and in a world quite different to today.
This report accounts for activity from April 2019 up until the end of March 2020, a period within which the Trust undertook a significant transition, as its leadership changed. I have been extremely heartened by the support I have received since my arrival in September 2019 from staff, Trustees and partners to welcome me at Yorkshire Wildlife Trust. I am also incredibly grateful for all of the previous work which has gone before, creating the Trust we have today.
Although 2019/20 did see some significant changes, the 19/20 financial year reflects the relative normality we enjoyed pre-COVID-19. Looking forward, this will undoubtedly impact on our activities. This report focusses on our achievements during the past year, with an indication towards our future evolution, as we continue to support Yorkshire’s wildlife, people and wild places.
Ancient Woodlands (Credit: Gillian Day)
Climate & Ecological Emergency
The focus of leadership changed societally within 19/20, through the publication of the IPCC Special report on Global Warming in 2018 and the associated IPBES Global Assessment Report on Biodiversity and Ecosystem Services, published in 2019. These reports signalled the global climate and ecological emergencies faced changing the context for our work and the support we receive, giving it a renewed importance and urgency. The environmental crisis of ecological and climate breakdown and associated need for decisive action are now much more widely accepted.
Consequently, in 2019/20, the Trustee Board supported a proposal for the Trust to declare a climate and wildlife emergency, joining many Local Authorities and businesses around Yorkshire which have also signalled their commitment to focussed action to reverse the trends. Our declaration states:
Yorkshire Wildlife Trust has declared a climate and ecological emergency – signalling the need for us to intensify our efforts to provide the vision and voice for wildlife across Yorkshire. We will focus on using our knowledge and skills to deliver the environmental restoration and adaptation needed to enable wildlife and communities to respond to the increasing likelihood of climate chaos. We will work on land we own and manage, mitigating our climate impact and encourage others through partnerships and engagement activities to undertake their own ambitious transition.
Ripon
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Our ambitions are for: • Climate change mitigation, we will seek for our operations to have become at least carbon neutral, if not net positive by 2030. • Climate change adaptation and the recovery of wildlife, we will play our part to identify, design and implement a nature recovery network across Yorkshire, in partnership with an alliance for nature, delivering natural climate solutions and increasing populations of wildlife by 2030.
This declaration will underpin a renewed vigour for our work in the coming years, with the first phase of our Action Plan emerging through 2020/21.
Living Landscapes
Our work directly touched more than 6,000 hectares Kingfisher (Credit: Jon of Yorkshire’s land in the last year working on our own nature reserves and in partnership with others. In addition to this we estimate we helped to influence the management of some 25,000 hectares across Yorkshire.
A significant highlight this year has been the arrival of the ‘Big 3’ at Potteric Carr – for the first time we have had Marsh Harrier, Bittern and Bearded Tits all nesting at the reserve which shows us the careful design and ongoing management of the site is giving these rare birds what they need to call it home. Bittern (Credit: Jamie Hall)
Potteric Carr is also now renowned as one of the best places to watch the winter starling murmurations.
Extending wetland habitats is a complex process and the Trust’s staff team working with our partners have built up considerable expertise in this area. This year we add 40 hectares of wetland habitat at Ripon City Wetlands, with the planned extension of North Cave Wetlands also progressing well. On the coast the extension of Kilnsea Wetlands over the last couple of years is also now providing additional wader habitat, benefitting the multitude of migrating birds.
The pretty-in-purple Pasqueflower is now a rare plant in the UK, restricted to just a few chalk and limestone grasslands. Steeped in legend, it flowers at Easter, so is known as the 'anemone of Passiontide', we have been delighted in the last year to have extended its population through propagation at Ledsham Bank.
Work on rare plants is something we do well, for example protecting and extending the range of Yorkshire Thistle Broomrape on sites including Wharram Quarry; as is the work we do on controlling the not so rare and sadly invasive plants.
In the last year we have made an intervention to control a remarkable 51,644 invasive plants, mostly Giant Hogweed, Himalayan Balsam and Japanese Knotweed and our team have developed an invasive species mapping tool which is now being used nationally.
Ripon City Wetlands (Credit: Chris Osborne)
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Managing invasive species is only one aspect of the work we undertake on water courses and in the last year we have worked along 200km of waterways across Yorkshire, re-naturalising watercourses, supporting rare wild creatures like white- clawed crayfish.
Calder Greening was nominated for the Collaborative Working Award at Calderdale Council and our Torne Catchment Partnership Team won Project of the Year at the Land Trust Awards for our work on the River Idle in South Yorkshire.
To manage a considerable proportion of our land distributed across the region, cattle and sheep graze, to create the mosaic of habitats which characterise these wild places. Our herd and flock are ably managed 365 days per year by a Kingfisher (Credit: Jon Hawkins) dedicated and knowledgeable grazing team of staff, volunteers and contracted graziers. The majority of our nature reserves are accessible to visitors as well as for staff and volunteers who manage them throughout the year. Sometimes this involves substantial infrastructure and this year with the support from Natural England, we replaced the bridge over the River Derwent at Wheldrake Ings, part of the Lower Derwent Valley National Nature Reserve, along with installing new hides and signage, to enable visitors to enjoy the spectacle of thousands of overwintering birds. Wheldrake Ings is one of our most special nature reserves but least visited in relative terms, we commend it to you.
Our work in the uplands continues on our nature reserves and also through the Peatland Programme carried out by the Yorkshire Peat Partnership team, who celebrated their 10th Anniversary in 2019/20. The team has now restored more than 30,000 hectares of peatland across Yorkshire, with works on 1,000 hectares in the last year and another 1,700 hectares surveyed for future work. Our expert team has been sharing their knowledge with Defra to influence policy and to develop training materials so that a new cohort of people can learn the skills to restore more of this important ecosystem and habitat across the UK. A key success of the year was the Peatlands Campaign which drew in a new audience for this important work and over £70,000 of donations from supporters, Charitable Trusts, corporates and the general public giving essential support for the team to continue their work.
Looking to the future, we are working on a number of potential future acquisitions of land, which we will share more about in the coming years if these opportunities come to fruition. We are also making preparations to adapt to changes in income streams previously accessible due to the UK’s membership of the European Union. Planning ahead is helping us understand the impacts and make adjustments accordingly.
Eelgrass
Buckden Pike (Credit: Gordon Haycock)
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Living Seas
Casting our eyes eastwards to the North Sea this year, there have been some significant steps forward, with new Marine Conservation Zones announced, doubling the area designated to a total of 1,486 km2. Achieving this is testament to the last decade of work by our Living Seas team who also work in partnership with the network of Wildlife Trusts around the English North Sea and partners from across the maritime sector in Yorkshire.
This partnership working was showcased nationally when the 45 Chairs of other Wildlife Trusts gathered for their annual conference, organised by the Royal Society of Wildlife Trusts. Many came away overwhelmed by the experience of Flamborough Head from the water and were incredibly complimentary about the Queen Scallop (Credit: Polly Whyte) teams work and welcome.
Evidence is important to our advocacy work and therefore, we spend time increasing our knowledge of the wildlife in the rich and diverse seas. Within the last year we have trained another 58 cetacean monitoring surveyors, through our volunteer surveyor programme which has resulted in 414 hours spent surveying and 364 cetaceans spotted, including harbour porpoise, minke whale and bottlenose dolphin. This data is allowing us to monitor presence of species in our waters and to understand changes occurring over time. For example, through photographic identification of fins we’ve managed to trace bottlenose dolphins seen in Yorkshire’s waters back to individuals from an established Moray Firth population, raising interesting questions regarding the reasons behind their change in location.
The Living Seas team are also active in the Humber Estuary where there are exciting initiatives underway through the Humber Aquaculture Partnership to return and restore native oysters to the Estuary after 50 years. We have also initiated a project along the Humber to consider what is needed to restore the coastal conservation corridor to relink land and sea, working in partnership with coastal landowners across this critically important habitat.
Building on the success of reintroducing native oysters to the Humber Estuary, the Trust has also Eelgrass (Credit: Paul Naylor) partnered with SeaGrown on the first offshore seaweed farm in the UK. We are supporting the development of their farm as a sustainable aquaculture operation with an exceptionally low environmental impact and also trialling a new and sustainable way of farming scallops with minimal disturbance to the seabed. This has been possible thanks to funding from the Seafood Innovation Fund. The UK currently lands around 30,000 tonnes of scallops per year using heavy metal dredges towed across the seabed to harvest scallops. Sadly this method indiscriminately damages anything in the dredge tow path; we hope our new project will show there can be win- win methods providing a sustainable food supply, income for fisherman and healthy marine environment.
Our Living Seas engagement programme reached 8,000 people through events, school visits and a trial outreach programme with the Children’s University. We also undertook 72 beach cleans through our Waves of Waste programme, engaging 1,251 volunteers and removing 97 bags of waste from Yorkshire’s coastline.
However, despite our great work in advocating for sustainable behaviours, the fight to protect our seas continues. Monitoring, enforcement and protection of Marine Conservation Zones and their habitats and inhabitants remains woefully insufficient. We must therefore continue our hard work to achieve these changes.
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Nature Matters
Engaging broad audiences with nature is incredibly important and this year we have continued work on our Tomorrow’s Natural Leaders programme, funded by The National Lottery Community Fund, which is in its penultimate year supporting young people to find personal confidence and a career direction whilst gaining experiences of working with nature across Yorkshire. Our work on this programme has provided the foundations for the development of our Youth Strategy adopted in March to guide our future work, learning from our experiences and seeking to ensure we are creating relevant opportunities for more young people in future, who have shown how important a sustainable future is to them through the Climate Strikes this year. We have been looking forward to beginning the delivery of the Defra funded national trial of the Nature Friendly Schools programme in a series of schools across Yorkshire, sadly this early work was disrupted in the Spring by the emerging pandemic, however, the preparation work can be adapted for future use.
The Bradford Urban Discovery project also funded by The National Lottery Community Fund has continued positively, bringing nature to children living in Bradford who substantially benefit from support and guidance to connect to the environment around them. The projects above have specific audiences in mind and we are grateful to our funders who enable us to reach people who might otherwise not have the opportunities to see how nature can make a difference in their young lives.
We also focus on the engagement of a broad audience with our work to enable us to advocate for nature and to fundraise. We have a relatively new team in place, formed in 2018, which is going from strength to strength in showing how we can work together across the Trust to create meaningful experiences for members, visitors and the wider public. Some highlights from this year include events such as the Puffin Festival at Flamborough Head, Countryfile Live held at Castle Howard and our Annual Members Credit: Tom Marshall Day and AGM in Leeds.
At Countryfile Live, over the course of 4 days we engaged 20,000 people through our Wildlife Zone, which gave people a passport to experience the different characters of Yorkshire’s wildlife and habitats from the uplands to the coast, everyone enjoyed getting to the ‘beach’! While children seemed to love ‘Whose poo?’ the most!!
Our communications are becoming more structured to enable us to work with others across the Wildlife Trust movement to strengthen the national Wilder Future campaign, our ambition is for a Wilder Yorkshire and more will emerge on this in future Annual Reports.
This year we have laid foundations by bringing a seasonal focus to the Members magazine. We hope to provide a deeper experience of Yorkshire’s nature and culture through the seasons. Our design team do a wonderful job to bring Yorkshire’s wildlife alive in print, so much so they are in demand from other Trusts to do this too and bring income in for the Trust Countryfile Live North 2019 alongside producing our internal content.
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One of the most worrying things we responded to this year was the threat to Askham Bog, the place upon which Yorkshire Wildlife Trust was founded, our campaign raised awareness of the negative impacts of the proposed development for 500 houses.
Over 7,000 people signed a petition to support the Bog during the first phase of the planning process, which resulted in the application being refused. However, the developers sought to overturn York City Council’s decision to refuse the application and the Trust had to decide if we could take part in the Planning Appeal which followed. Saving Askham Bog
With generous public support for our crowd funding campaign, £39,000 was raised to enable us to take part. This allowed us to bring together an expert defence team comprising of Barristers, Emma-Louise Fenelon and Darragh Coffey via a referral from the Environmental Law Foundation, who worked pro-bono, an expert hydrologist who provided discounted services to us and our President Sir John Lawton and expert trustee Professor Alistair Fitter CBE who dedicated many hours to the Trust’s case as unpaid volunteers.
The result of the Appeal is a subject for next year’s Annual Report, and there has been much learning for us in the process, it has been an example of what is achievable when so many people come together in support of wildlife, the environment and their local greenspaces.
During 2019/20 our Membership reached 45,561 providing over £1m of income for the Trust, this is so important for us, as we build the regard for Yorkshire’s wildlife and wild places in people’s hearts. Managing this number of Members also brings new challenges and therefore, we have implemented a new Customer Relationship Management system to ensure we provide each individual the best experience we can of being a Member of the Trust. Many Members and supporters also volunteer regularly for the Trust too, this boost to our capacity enables us to do more for wildlife than we could do alone. In 2019/20 the Trust had nearly 1,000 active volunteers who between them gave 76,084 hours of their time to the Trust in addition to our staff’s work.
There are challenges ahead. Despite nearly 130,000 visitors to our Gateways this year, this isn’t as high as we had hoped and we need to look carefully at how we can attract people to the wonderful wild experiences we offer. Our capacity also has to constrain some of our management ambitions on nature reserves. In response we are seeking to think innovatively and work collaboratively to do as much as we can with the resources we have. The encouraging signs are our donations and legacies have exceeded expectations this year and efforts to increase digital recruitment is yielding positive results, Membership continued to grow and the challenges to wildlife and benefits of connecting nature has an increasing public profile which is good news.
Underpinning all of this work to connect people in Yorkshire to wildlife and wild places is the work by our staff team, who in the past year have made increased efforts to learn about how to work effectively together across our large county. In 2019/20 the Staff Survey catalysed new ways of working with staff groups formed to take forward the responses to the feedback received. These working groups, have already influenced Trust culture, exemplified by the highly successful Staff Conference, which focused on the values we are committed to embody and demonstrate. These are, Courage, Responsibility, Respect, Integrity and Trust.
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All in all, it has been a remarkable year, with income reported of almost £9m, which has enabled us to increase our financial reserves and resilience. A significant transition has been made in the leadership at the Trust, to follow up on the achievements of Dr Rob Stoneman’s tenure of 12 years. There has been great work from the ground up by the staff on our culture and values and behind the scenes improvements in our finance and IT infrastructure too.
Our future plans
Whilst COVID-19 undoubtedly impacts on our future plans and activities, we have considered this separately below so not to completely mask the incredible conservation and engagement impact that we can still expect to see during 20/21 in spite of the pandemic.
As set out at the beginning of this report, we face an Ecological and Climate Emergency with unrelenting pressures on wildlife and the environment across the UK and Yorkshire. We must lead by example in terms of measuring and reducing our own carbon use, continue the delivery of large scale conservation and habitat projects across Yorkshire and the North Sea as well as campaigning to stop further relaxation of environmental regulation in a UK outside of the EU.
Partnerships working across Yorkshire with other charities, local authorities, central government agencies, land owners and corporate supporters are essential to our success in creating a wilder Yorkshire. Engaging people to make wildlife a daily part of their lives and to come together as a single voice for wildlife Credit: Elliott Neep (digitally in the interim) also remains a priority.
We aim to again invest over £7m in Yorkshire and its wildlife during 20/21, alongside adapting to the impacts of the pandemic. Highlights for the year ahead include: • Continuation of large scale conservation programmes along the River Calder and in the Dearne Valley in partnership with Kirklees Council, Barnsley Metropolitan Borough Council and the Environment Agency. • Continuation of the Yorkshire Peat Partnership programme to restore Yorkshire’s peatlands working with Yorkshire Water, Defra, the Environment Agency and various landowners across North Yorkshire. • The expansion of North Cave Wetlands nature reserve as work continues to prepare the latest phase of land for transfer to conservation management. • The development of a seagrass carbon sink project in the Humber estuary. • The inception of the Great Yorkshire Creature Count, engaging people with wildlife on their doorsteps. • Development of a significant partnership programme enabled by a gift from the Joyce Mary Mountain Will Trust, to imagine and influence an exciting and positive future for Yorkshire’s wildlife.
The appointment of Craig Bennett as Chief Executive of the Royal Society of Wildlife Trusts in 20/21 is also expected to be a catalyst for greater collaboration across the Wildlife Trust movement with greater emphasis on the Ecological and Climate Emergency and the urgency with which we must all act. We are delighted to be working on such an important issue for the future in Yorkshire, we can only do it because others believe it is important too, and I would like to close this report with a huge thank you to our Members, funders, volunteers, staff, stakeholders and partners as well as occasional visitors who all make a difference for wildlife through their support.
Rachael Bice Chief Executive Officer
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COVID-19
The COVID-19 pandemic has had a profound impact on the activities of the organisation since it took hold in the UK in March 2020, causing the immediate cessation of all face to face activity including on the ground membership recruitment, physical volunteering activity and closure of visitor facilities and cancellation of our events programme.
The effects of COVID-19 will impact considerably on our 20/21 work programme although the huge efforts of our staff team coupled with the availability of government funding programmes and the generous support of our members, donors and partners places us in a robust position to cope with many of the challenges presented and ensure our financial stability.
The nature of our work means, many of our conservation activities are able to continue in a responsible and socially distanced manner and we are working hard to find ways to safely reintroduce face-to-face engagement activity again too.
We know that COVID-19 will also bring long-lasting changes to the ways in which both ourselves and many of our partners work. We are working hard to adapt our organisation and build our resilience to ensure against future adverse events. We have also been developing alternative approaches to how we might achieve some of our objectives, taking advantage of digital opportunities and challenging ourselves to be innovative and forward thinking to ensure the long term financial health of our organisation.
We have updated the Trust’s principle risks and uncertainties below to reflect the expected impact of COVID-19 on the Trust during 20/21.
Principal risks and uncertainties
The trustees constantly review the risks the charity may face and where appropriate establish processes and procedures to mitigate those risks identified, including, where appropriate, putting in place insurance and setting aside financial reserves. The Trust’s principal risks and uncertainties include the following;
• Significant social, economic and political consequences faced throughout the UK and within Yorkshire as a result of the COVID-19 pandemic and potential failure to secure a new trading relationship with the European Union. • Loss of income and impact whilst the Trust remains unable to safely undertake face to face fundraising, open our visitor centres and undertake engagement activity due to social distancing restrictions. • Continuing disruption to delivery of our work programme from potential localised outbreaks or a second wave of COVID-19 infections. • Risk of UK Government policy to reinvigorate the economy, not accounting for wildlife and environmental factors, instead favouring commercially focussed activity including housing development and large infrastructure plans to the detriment of wildlife. • Securing funding for our charitable activities each year and managing working capital (see financial reserves section). • The managing of 108 sites across Yorkshire and the potential impact of major disasters and adverse events at these sites, many resulting from the affects of climate change, in particular incidents of flooding and fire. • Increased pressures on our nature reserves and their infrastructure, including anti social behaviour, overcrowding and disturbance of wildlife indirectly resulting from COVID-19 limitations on people's movements. • The occurrence of an event that threatens the reputational damage or integrity of the Trust. • Sudden Loss of key personnel or our head office communication and IT systems. • Potential for overtrading with limited resource to deliver a large, diverse range of projects and over extending the Trust's support resources
The Board of Trustees approve the Strategic Report contained within the Annual Report as required by The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013.
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Financial Reserves Policy
The Trust’s financial reserves policy is reviewed annually by the trustees. In setting the Trust’s reserve policy, the trustees consider various financial metrics and data, cash flow movements and working capital requirements, anticipated risks, fixed assets equity availability and material future commitments. The Trust’s key driver in setting its general unrestricted target is maintaining sufficient cash flow to allow it to continue to trade and to ensure it can fund the large number of projects for which grant funding is received in arrears, whilst at the same time not retaining large sums of money that could be put to use to support nature conservation in Yorkshire.
The Trust’s target level of general unrestricted reserves was increased to £0.9m during the year in recognition that we have grown into a larger organisation with increased turnover and expenses. In addition, a minimum of 80% (£0.72m) of target was set to be used in budgeting and below which we should not fall.
At 31 March 2020, the Trust had total reserves of £12.8m including unrestricted, restricted, designated funds and fixed asset reserves. Of this, our unrestricted funds (including fixed assets and designated funds) totalled £3.39m, up £0.78m on prior year, with general unrestricted funds up £0.62m at £1.27m (2019: £0.65m).
The Trust therefore has available general unrestricted reserves of £0.37m over and above its £0.9m target reserve at 31 March 2020, which leaves the Trust well placed to meet the challenges of COVID-19 in the 2020/21 year.
General unrestricted funds represent available funds of the charity which trustees are free to use in accordance with the charitable objectives of the Trust. Funds used to purchase fixed assets, net of the Trust’s long term mortgage liability, are set aside as designated funds as these assets are not generally available for day-to-day operations of the Trust. These comprise primarily nature reserves, which are held as part of the charitable objectives of the Trust and cannot be readily sold, and also Trust premises and equipment which are required for us to operate effectively. These assets may from time to time be used to raise funding if it is in the best interest of the Trust to do so.
During the year, the Trust has also designated £0.15m of unrestricted funds to enable it to continue to develop its IT and digital capability as well as progress a programme of organisational development.
Investment Policy
The Trust’s Articles of Association enable it to invest monies not immediately needed for its purposes in such investments deemed appropriate, subject to such conditions as may be required by law. While trustees have delegated authority for the management of investments to a Finance and Risk Committee and to fund managers, they retain ultimate responsibility for all matters relating to and affecting the Trust's investments. The investment policy objectives are:
• Investment objectivity and integrity • Preservation of real value of the Trust’s monetary assets • Optimisation of capital growth and income generated from the Trust’s monetary assets, with appropriate consideration and management of investment risk • Invest in an ethical manner, consistent with the Trust’s charitable status • Flexibility and accessibility of invested funds
During the financial year, the trustees continued to hold all Yorkshire Wildlife Trust investments within stocks, shares or funds in those investments that are subject to screening of an ethical nature and to ensure that no investments are made which are knowingly contrary to the objects of the Trust. All Trust investments are currently held in either CCLA COIF Ethical Investment Fund or the EdenTree Amity Global Equity Fund.
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Steady investment performance throughout the year was reversed during February and March 2020 when the Covid 19 crisis became apparent, meaning the Trust’s retained investments finished the year with total unrealised losses of £0.03m. The Trustees will continue to monitor market performance and the suitability of its investment options.
Fundraising Disclosure
A new Fundraising Regulator was established in January 2016. We have voluntarily subscribed to the Fundraising Regulator’s fundraising promise, which is available to download on our website.
Our commitment to supporters
Through our members' magazine, our website, events and activities and our other communications we will always tell you about how you are helping to make a difference for wildlife so you know how your money is being spent.
We strictly adhere to the Fundraising Regulator’s code of fundraising practice and all relevant Institute of Fundraising guidance including Treating Donors Fairly guidance. All fundraisers representing us receive rigorous training so as to understand the standards we expect when they are speaking to members of the public on our behalf, to ensure a positive experience.
We will always take action if others acting on our behalf fail to meet our high standards and we will never sell your data to anyone else or share it without consent or having a legitimate reason to do so*.
Yorkshire Wildlife Trust has a procedure for handling complaints and we are committed to dealing with all complaints constructively, impartially and effectively. We will make every effort to ensure that all complaints receive a complete, accurate and timely response and no complaint is ever disregarded. If we cannot resolve a fundraising related complaint we will provide information about how to raise a complaint with the Fundraising Regulator, and we provide an Annual Complaints Return to the Fundraising Regulator each April.
In the year 2019/20, we received a total of 6 complaints, of which 1 was related to our fundraising activity.
Governing document
Yorkshire Wildlife Trust is a charitable company limited by guarantee, governed by its Articles of Association. It is registered as a charity with the Charity Commission. The Articles of Association were updated at the 2012 AGM.
Structure, Governance and Management
The directors of the charitable company (the charity) are its trustees for the purposes of charity law and throughout this report are collectively referred to as the trustees. The Trust currently has 12 trustees. The trustees serving during the year are listed at the beginning of this report. Dr Rob Stoneman was Chief Executive until May 2019 when he left the Trust and Caroline Thorogood was then appointed interim Chief Executive until September 2019. From September 2019 Rachael Bice was appointed our new Chief Executive Officer.
The Directors consider the trustees, the Chief Executive Officer and the Senior Leadership Team together comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Trust on a day to day basis. The pay of the Chief Executive and Senior Leadership Team is reviewed annually.
*It is sometimes necessary for YWT to allow its carefully vetted suppliers to use supporter data to carry out work on our beh alf, such as undertaking member satisfaction surveys or sending out mailings to our supporters. We may also sometimes have to share data in other circumstances, for example where there’s a legal requirement to do so. Please see our privacy policy on the website.
Page | 15 Yorkshire Wildlife Trust Report of the Board of Trustees
Trustee appointment, induction and training
Trustees are elected by the members of the Trust at the Annual General Meeting for an initial period of 4 years and are then eligible to seek re-election for a further 4 year period. Trustees may from time to time co-opt an eligible person to fill a temporary vacancy until the next Annual General Meeting when the co-opted trustees can subsequently stand for election.
New trustees undergo an induction to brief them on their legal obligations under charity and company law, the content of the Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the Trust. They are also invited to meet key employees and other trustees. New trustees attend an induction day, led by the Chief Executive and hold trustee feedback sessions each year with Chair and Deputy Chair of the Board of Trustees.
Organisation
The Board of Trustees administers the charity and meets at least five times a year. The Finance and Risk Committee comprises a minimum of three trustees and up to two other members of the Trust who can be appointed by the Board, and meets at least four times a year. The Chief Executive is appointed by the trustees to manage the day to day operations of the charity. The trustees actively engage with the Chief Executive Officer and Directors, working collectively in development of organisational strategy.
Supporters groups operate to encourage, coordinate and focus the active participation and contribution of volunteers to the Trust’s projects and objectives at local level. Supporters groups are part of the Trust’s volunteer structure, reporting through staff, and may be formed around a specific project, site or community, a group of sites or wider geographic area, according to the interests of group members.
The Trust is an active member of The Wildlife Trusts. This is a national partnership of 46 independent Wildlife Trusts and the Royal Society of Wildlife Trusts (RSWT) which operates throughout the UK. All the Wildlife Trusts contribute an annual levy to fund RSWT to provide advocacy and representation at a national level.
Equality, Diversity and Inclusion
Yorkshire Wildlife Trust is committed to providing access and equality in its activities, across its nature reserves, as well as supporting equal opportunities and equal treatment for its staff, volunteers, members and supporters regardless of sex, gender, race, religion or belief, age, marriage or civil partnership, pregnancy/maternity, sexual orientation or disability. The Trust has a dedicated group tasked with developing the approach to equality, diversity and inclusion. We are not required by law to comply with gender pay gap reporting, however as part of our commitment to promoting equality and diversity in the workplace we have calculated our gender pay at April 2019 as follows;
Lower Lower mid Upper mid Upper quartile quartile quartile quartile
Male 29% 59% 44% 56% Female 71% 41% 56% 44%
Our mean gender pay gap is 12.9% (April 2018: 8.1%) and the median gender gap is 0% (April 2018: 0%). These figures have been calculated using standard methodologies used in the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.
Page | 16 Yorkshire Wildlife Trust Report of the Board of Trustees
Trading Subsidiary - Yorkshire Wildlife Services Limited
Yorkshire Wildlife Services Limited (YWSL), a company registered in England, is a wholly owned trading subsidiary of Yorkshire Wildlife Trust. YWSL commenced trading on 1 April 2016, with a view to generating funds on behalf of Yorkshire Wildlife Trust for the furtherance of its charitable objectives and ensuring continued compliance with UK tax legislation. Profits generated by YWSL are generally distributed to the charity using gift aid. Further information is included in Notes 15 and 24 of the accounts. Statement of Trustees’ Responsibilities
The trustees (who are also directors of Yorkshire Wildlife Trust for the purposes of company law) are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that year. In preparing those financial statements the trustees are required to:
• select suitable accounting policies and apply them consistently; • observe the methods and principles in the Charities SORP (FRS 102); • make judgements and estimates that are reasonable and prudent; • state whether applicable UK accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
• there is no relevant audit information of which the charitable company’s auditor is unaware; and • the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information; • at the time of approving the financial statements, the Trust has sufficient resources to continue to operate and there are no material uncertainties regarding the Trust’s ability to continue as a going concern.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This statement is agreed by Yorkshire Wildlife Trust Board of Trustees
Mike Cooke Chair 21 August 2020
Page | 17 Yorkshire Wildlife Trust Independent Auditors' Report
Opinion
We have audited the financial statements of Yorkshire Wildlife Trust for the year ended 31 March 2020 which comprise the Consolidated statement of financial activities incorporating income and expenditure account, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• give a true and fair view of the state of the affairs of the group and the parent charitable company as at 31 March 2020 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and the parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
• the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or • the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group’s or the parent charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.
Page | 18 Yorkshire Wildlife Trust Independent Auditors' Report
If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.
We have nothing to report in this regard.
Other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• the information given in the Trustees’ Annual Report which includes the Directors' Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and • the Trustees’ Annual Report which includes the Directors' Report including the Strategic Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report including the Strategic Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 require us to report to you if, in our opinion:
• the group or parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or • the parent charitable company financial statements are not in agreement with the accounting records and returns; or • certain disclosures of trustees’ remuneration specified by law are not made; or • we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees’ Responsibilities set out on page 17, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page | 19 Yorkshire Wildlife Trust Independent Auditors' Report
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditors under the Companies Act 2006 and report in accordance with that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charitable company’s members and the trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members and trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sally Appleton For and on behalf of Saffery Champness LLP
Chartered Accountants & Statutory Auditors Mitre House North Park Road Harrogate HG1 5RX 26 August 2020 Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
Page | 20 Yorkshire Wildlife Trust CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2020
Unrestricted Restricted Total Total Funds Funds 2020 2019 Note £ £ £ £
INCOME Donations and legacies 4 2,417,271 660,328 3,077,599 2,119,929 People's Postcode Lottery 4 225,000 - 225,000 230,000 Charitable activities 5 1,476,255 3,462,304 4,938,559 6,692,973 Other trading activities 6 464,342 - 464,342 419,262 Investment Income 7 8,686 10,700 19,386 7,554 Total Income 4,591,554 4,133,332 8,724,886 9,469,718
EXPENDITURE Raising Funds 608,898 47,800 656,698 565,662 Charitable Activities 3,199,532 4,306,514 7,506,046 7,658,012 Total Expenditure 8 3,808,430 4,354,314 8,162,744 8,223,674 (Losses)/Gains on investment assets 15 (2,927) (24,673) (27,600) 128,715 Net income / (expenditure) 780,197 (245,655) 534,542 1,374,759 Transfers between funds (81,873) 81,873 - - Net incoming resources before other recognised gains 698,324 (163,782) 534,542 1,374,759
Other recognised gains/(losses) Gains/(Losses) on fixed assets 3,017 (4,747) (1,730) 16,783 Actuarial gains / (Losses) on DB pension scheme 16 69,297 - 69,297 (1,547) Net movement in funds 770,638 (168,529) 602,109 1,389,995
Reconcilliation of funds Total funds brought forward 2,618,530 9,588,693 12,207,223 10,817,228 Total funds carried forward 3,389,168 9,420,164 12,809,332 12,207,223
Represented by: General unrestricted funds 1,266,846 - 1,266,846 654,609 Designated funds 150,000 - 150,000 - Restricted income funds - 3,004,224 3,004,224 3,247,517 Fixed asset purchases fund 1,972,322 6,415,940 8,388,262 8,305,097 Total funds 3,389,168 9,420,164 12,809,332 12,207,223
All income resources and resources expended derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year. The profit / (loss) for Companies Act purposes comprising the net income for the year including net realised gains and losses on investments was £551,659 (2019: £641,812)
Page | 21 Yorkshire Wildlife Trust CONSOLIDATED AND CHARITY BALANCE SHEET as at 31 March 2020
Group Charity 2020 2019 2020 2019 Notes £ £ £ £
Fixed assets Tangible assets 11a 4,714,136 4,682,550 4,714,136 4,682,550 Heritage assets 11b 4,224,346 4,221,663 4,224,346 4,221,663 Investments 15 1,554,760 1,570,877 1,554,770 1,570,887 Total fixed assets 10,493,242 10,475,090 10,493,252 10,475,100
Current assets Stock 12 93,957 124,331 46,863 72,937 Debtors 13 1,159,110 1,706,506 1,331,112 1,864,300 Cash at bank and in hand 2,694,604 2,004,499 2,555,062 1,892,936 Total current assets 3,947,671 3,835,336 3,933,037 3,830,173 Liabilities Creditors: amounts falling due within one year 14 1,081,361 1,471,186 1,066,737 1,466,033 Net current assets 2,866,310 2,364,150 2,866,300 2,364,140
Total assets less current liabilities 13,359,552 12,839,240 13,359,552 12,839,240
Creditors: amounts falling due after more than one year 14 550,220 632,017 550,220 632,017 Net assets 12,809,332 12,207,223 12,809,332 12,207,223
The funds of the charity: General unrestricted funds 1,266,846 654,609 1,266,846 654,609 Designated funds 150,000 - 150,000 - Restricted income funds 3,004,224 3,247,517 3,004,224 3,247,517 Fixed asset purchases fund 8,388,262 8,305,097 8,388,262 8,305,097 Total funds 20 12,809,332 12,207,223 12,809,332 12,207,223
The accompanying accounting policies and notes form an integral part of these financial statements.
The financial statements were approved by the trustees on 21 August 2020 and signed on their behalf by:
Mike Cooke Martin Randle Chair Hon. Treasurer
Page | 22 Yorkshire Wildlife Trust CHARITY BALANCE SHEET as at 31 March 2020
Unrestricted Restricted Funds Funds 2020 2019 Notes £ £ £ £
Fixed assets Tangible assets 11a 1,552,342 3,161,794 4,714,136 4,682,550 Heritage assets 11b 970,199 3,254,147 4,224,346 4,221,663 Investments 15 296,968 1,257,802 1,554,770 1,570,887 Total fixed assets 2,819,509 7,673,743 10,493,252 10,475,100
Current assets Stock 12 46,863 - 46,863 72,937 Debtors 13 485,239 845,873 1,331,112 1,864,300 Cash at bank and in hand 1,100,326 1,454,736 2,555,062 1,892,936 Total current assets 1,632,428 2,300,609 3,933,037 3,830,173 Liabilities Creditors: amounts falling due within one year 14 512,549 554,188 1,066,737 1,466,033 Net current assets 1,119,879 1,746,421 2,866,300 2,364,140
Total assets less current liabilities 3,939,388 9,420,164 13,359,552 12,839,240
Creditors: amounts falling due after more than one year 14 550,220 - 550,220 632,017 Net assets 3,389,168 9,420,164 12,809,332 12,207,223
The funds of the charity: General unrestricted funds 1,266,846 - 1,266,846 654,609 Designated funds 150,000 - 150,000 - Restricted income funds - 3,004,224 3,004,224 3,247,517 Fixed asset purchases fund 1,972,322 6,415,940 8,388,262 8,305,097 Total funds 20 3,389,168 9,420,164 12,809,332 12,207,223
Page | 23 Yorkshire Wildlife Trust CONSOLIDATED CASH FLOW STATEMENT for the year ended 31 March 2020
2020 2019 Notes £ £
Cash inflow from operating activities 21 1,068,986 1,690,847
Cash outflow from investment activities (330,795) (682,776)
Cash outflow from financing activities (48,035) (46,827)
Increase in net cash in the year 690,156 961,243
Cash and cash equivalents at beginning of period 2,005,985 1,044,743
Cash and cash equivalents at end of reporting period 2,696,141 2,005,985
Represented by: Cash at Bank 2,694,604 2,004,499 Accrued investment income 1,536 1,485 Cash held for reinvestment - - 2,696,141 2,005,985
Page | 24 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
1. ACCOUNTING POLICIES a. Basis of accounts (i ) These accounts have been prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with the Companies Act 2006.
(ii) The financial statements have been prepared applying the Charity Commission Statement of Recommended Practice - Accounting and Reporting in accordance with the provisions of the Charities SORP (FRS 102) effective 1 January 2015.
(iii) At the time of approving the financial statements, the Trustees deemed the Trust to have sufficient resources to continue to operate for a period of at least 12 months and there are no material uncertainties regarding the Trust’s financial position. The financial statements have therefore been prepared on a going concern basis. Further information on the impact of COVID-19 on the Trust's operations is provided in the Trustees' Report. (iv) Yorkshire Wildlife Trust meets the definition of a public benefit entity under FRS 102. b. Funds held by the charity
Restricted Income Funds
(i) Restricted Income funds are those held where a use has been specified by the donor. These are funds that can only be used for particular restricted purposes. (ii) Where the cost of delivering a restricted project is only partially funded by restricted income, a transfer between funds, of unrestricted income to a restricted fund is made. Unrestricted Income Funds (iii) Unrestricted Income funds are those held where there are no restrictions and which the Trustees are free to use, in accordance with the charitable objectives of the Trust. c. Income and Expenditure (i) Membership subscriptions are accounted for on a cash received basis. (ii) Income from legacies is recognised when the entitlement to the legacy is known with certainty, the value of the legacy receipt can be quantified with reasonable certainty and the timing of receipt is known with reasonable probability. (iii) Grants income is recognised in the Statement of Financial Activities in the period to which it relates. Where a grant is restricted by the funder for use in a future period, its recognition is deferred until the charity becomes entitled to the resource. Grants in respect of specific projects are credited to a restricted fund, against which relevant expenditure is charged.
(iv) Contractual income is recognised in the incoming resources in the Statement of Financial Activities to the extent that the charity has provided the related goods and/or services. Where such income is received in advance then the income is deferred until the charity becomes entitled to the resource. (v) Investment income and gains and losses on disposals are allocated on the basis of whether the funds invested are for restricted use or for general unrestricted purposes. (vi) Income from all other Trust activities is accounted for when it is receivable.
Page | 25 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
(vii) Resources used are accounted for on an accruals basis, inclusive of any irrecoverable VAT. Resources used are apportioned on the basis of whether the incoming resources were for restricted purposes or for general unrestricted purposes. (viii) Support costs, which include administration costs and the running and maintenance of the Trust’s offices, and which are not directly attributable to any one specific activity, are apportioned and allocated to the other direct activities on the basis of full time equivalent staff levels attributable to that activity. Expenditure directly attributable to specific activities has been allocated directly to those activities. This allocation is consistent with previous years.
d. Tangible Fixed Assets (i) Depreciation is calculated to write off the cost of tangible fixed assets over their expected useful lives as follows: - Plant and Equipment, including Fixtures and Fittings, together with Motor Vehicles are written off on a straight line basis over three years. - Freehold property is valued at cost less depreciation, which is applied on a straight line basis over 100 years. - Leasehold Improvements are valued at cost less depreciation, which is applied on a straight line basis over the duration of the lease. (ii) Tangible fixed assets costing over £1,000 are capitalised at cost and are depreciated at the rates as set out above. e. Heritage Assets (i) The Trust holds heritage assets in furtherance of the charitable objects of the Trust. These assets are nature reserves and cannot be readily sold and so in the normal operations of the Trust are not available for other use. The Trustees consider that owing to the incomparable nature of these reserves, conventional valuation approaches lack sufficient reliability and that, even if valuations could be obtained, the costs would be onerous compared with the additional benefits derived by the Trust and users of the accounts. The figures in the accounts represent the cost or valuation of the asset on acquisition where available, or where this is not available are included at the historic book cost.
f. Investments (i) Quoted Investments held in the nature of fixed assets are stated at market value. Gains and losses on disposal and revaluation are charged to the Statement of Financial Activities in the year in which they arise. g. Stock (i) Retail stock is stated at the lower of cost and net realisable value, after making due allowance for any obsolete items. (ii) Livestock assets are stated at fair value less estimated costs of sale h. Operating Leases (i) Property rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease.
Page | 26 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
i. Pension Costs
(i) The company operates a defined contribution scheme for the benefit of eligible employees. The assets of the scheme are held separately from those of the Trust, being invested with insurance companies. Contributions are charged to the Statement of Financial Activities in the year to which they relate. The company no longer has any liability under any multi-employer defined benefit pension scheme. Further information is available at Note 16. j. Consolidated financial statements (i) The financial statements consolidate the results of the charity and its wholly owned subsidiary Yorkshire Wildlife Services Limited on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.
k. Financial Instruments (i) The charity and its subsidiary only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page | 27 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
2. APPEALS The Trust received donations for the following appeals (including gift aid) in the year: 2020 2019 £ £ Peatland Appeal 59,125 10,549 Askham Bog Appeal 39,964 6,767 Nature Reserves Appeal 12,466 - Marine Appeal 200 9,943 Other Appeals 95 53 Total 111,850 27,311
3. LEGACIES The Trust received income in the year from legacies from the following benefactors who were kind enough to make bequests of over £1,000 in their wills: 2020 2019 £ £ Elizabeth Cornforth 300,000 Joseph Lister 221,538 Graham Cain 197,667 Eileen Cranfield 129,263 Peggy Dunning 50,000 Doris Thompson 20,000 Pauline Foley 10,706 Joseph Goodworth 7,453 Dorothy Bruce 5,000 Jean Summerscales 5,000 Mavis Jackson-Goul 4,000 Enid Gilberthorpe 2,755 35,000 Gwynith Duck 1,000 Norman Thompson 1,000 Rita Steele 1,000 Doreen Almond - 36,182 Margaret Sanderson 69 33,414 Eileen Eden - 19,701 Arthur Horne - 12,824 Mary Watson - 8,289 Stanley Hall - 6,025 Margaret Tottle - 5,000 Dorothy Burns - 4,535 Margaret Andrew - 4,345 Aileen Thomas - 3,580 John Gill 3,000 Mary Thallon 2,967 Margaret Webb - 2,943 Florence Wilson - 2,750 Gordon Pilling - 2,500 Jill Coates 1,797 Patrick Quinn - 1,000 Shelia Gaskill - 1,000 Other legacies 1,751 15 Total 958,202 186,867
Legacy income includes accrued legacy income of £10,167 (2019: £40,285), notified at year end over which we had sufficient certainty of the amount receivable and the timing of receipt. The value of legacies notified, but which have not yet been included within the above figures due to uncertainty as to value and the timing of receipt, is estimated at approximately £785,000 (2019: £1,269,000).
Page | 28 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
4. DONATIONS AND LEGACIES Unrestricted Restricted Total Total Funds Funds 2020 2019 Note £ £ £ £ Membership subscriptions 1,308,250 - 1,308,250 1,245,816 Legacies 3 958,133 69 958,202 186,867 Donations 150,888 548,409 699,297 659,935 People's Postcode Lottery 225,000 - 225,000 230,000 Appeals 2 - 111,850 111,850 27,311 Total Donations and Legacies 2,642,271 660,328 3,302,599 2,349,929
5. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Total Total Funds Funds 2020 2019 £ £ £ £ Grants & subsidies 628,649 3,313,944 3,942,593 5,047,168 Contract & consultancy 635,401 108,739 744,140 1,026,343 S106 Agreements & compensation - 39,621 39,621 415,690 Rents & other income 101,438 - 101,438 93,822 Admissions, education and workshops 110,767 - 110,767 109,950 Total income from charitable activities 1,476,255 3,462,304 4,938,559 6,692,973
Charitable income includes £3.1m (2019: £3.76m) of income from various Government funding streams. This includes land management subsidies through various Government schemes totalling £0.46m (2019: £0.45m) and various Government grants and contracts totalling £2.6m (2019: £3.3m). These relate to works including land management on behalf of local authorities, various rivers and peatland restoration projects and marine advocacy grants.
6. INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Total Total Funds Funds 2020 2019 £ £ £ £ Catering & other ancillary sales 455,979 - 455,979 407,507 Fundraising events 8,363 - 8,363 11,755 Total 464,342 - 464,342 419,262
7. INCOME FROM INVESTMENTS Unrestricted Restricted Total Total Funds Funds 2020 2019 £ £ £ £ Dividend Income - UK 800 10,700 11,500 4,605 Bank interest - UK 7,886 - 7,886 2,949 Total investment income 8,686 10,700 19,386 7,554
Page | 29 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
8. ANALYSIS OF TOTAL RESOURCES EXPENDED Direct Other Support Total Total staff costs Direct Costs costs 2020 2019 (Note 9) £ £ £ £ £ Cost of raising funds Membership 241,249 229,047 69,776 540,072 499,057 Fundraising & legacies 78,858 18,455 19,313 116,626 66,605 Total 320,107 247,502 89,089 656,698 565,662 Cost of charitable activities Living Landscapes 1,763,841 2,850,850 522,422 5,137,113 5,346,784 Living Seas 181,388 217,572 80,328 479,288 407,420 Nature Matters - Inspiring & Involving People 1,002,574 552,836 334,235 1,889,645 1,903,808 Total cost of charitable activities 2,947,803 3,621,258 936,985 7,506,046 7,658,012
Total resources expended 3,267,910 3,868,760 1,026,074 8,162,744 8,223,674
This is stated after charging: 2020 2019 £ £ Operating lease rentals: Land & buildings 18,957 18,839 Auditor's remuneration: Audit fees (including irrecoverable VAT) 15,328 13,573 Taxation services 1,335 700 Grant assurance services - 1,800 Depreciation 288,135 372,259 Trustees expenses 1,260 832
No Trustees were remunerated for their role as Trustees during the year.
Three Trustees were reimbursed for reasonable and necessary expenses incurred in the performance of their duties, with total expenses of £1,260 (2019: £832)
Page | 30 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
9. ALLOCATION OF SUPPORT COSTS
Membership Fundraising Living Living Seas Nature Total Total & legacies Landscapes Matters - Inspiring & involving 2020 2019 people £ £ £ £ £ £ £ Admin Support 37,639 10,527 224,658 22,603 132,094 427,521 459,513 Communications & IT 7,467 2,088 44,568 4,484 26,205 84,812 58,362 Financial & Governance 2,195 614 13,105 1,318 7,705 24,937 15,207 Premises & vehicles 17,666 4,941 105,450 10,609 62,002 200,668 194,734 Depreciation 4,811 1,142 134,641 41,313 106,227 288,134 372,259 Total 69,778 19,312 522,422 80,327 334,233 1,026,072 1,100,075
Page | 31 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
10. EMPLOYEES 2020 2019 Total staff costs £ £ Wages & salaries 3,143,467 3,050,772 Social Security costs 272,968 260,091 Pension costs 240,716 220,532 Total staff costs 3,657,151 3,531,394
Staff costs excludes contributions to the Wildlife Trusts' Defined Benefit Scheme for former employees (see note 16).
Average number of employees (and full-time equivalent) 2020 2020 2019 2019 analysed by activity for the year ended 31st March 2020 Total FTE Total FTE
Living Landscapes 61 54 60 55 Living Seas 7 5 7 5 Nature Matters 45 32 46 35 Membership and Fundraising 20 12 19 10 Support 13 12 12 11 Total staff 145 115 143 115
At 31 March 2020, the Trust had 144 employees. In addition to our employees, the Trust relies on volunteers to help in all aspects of our work, particularly practical conservation work and involving and inspiring activities such as education, events and membership. During the financial year the Trust had 870 active registered volunteers.
The number of employees whose emoluments (including taxable benefits in kind but 2020 2019 excluding employer pension costs) exceeded £60,000, was as follows: Number Number
£70,000 - £79,999 - 1 £60,000 - £69,999 - Total over £60,000 - 1
In May 2019, the Trust's Chief Executive Officer Dr Robert Stoneman left the organisation. In September 2019 Rachael Bice joined the Trust as Chief Executive Officer.
Chief Executive Officer salary paid to Dr Robert Stoneman during the year to 31 March 2020 was £5,984 (2019: £71,811). Payments made by the Trust during the year into the defined contribution pension scheme on behalf of Dr Stoneman amounted to £718 (2019: £8,617).
Chief Executive Officer salary paid to Rachael Bice during the year to 31 March 2020 was £43,750 (2019: £NIL). Payments made by the Trust during the year into the defined contribution pension scheme on behalf of Rachael Bice amounted to £5,250 (2019: £NIL).
During 2019/20, employee salary and benefits of the key management personnel of the Trust, comprising the Chief Executive and four Operational Directors, totalled £277,554 (2019: £296,648) Trustee roles are voluntary and received £nil remuneration (£2019: £nil).
The Trust made redundancy payments during the year totalling £3,275 (2019: £nil).
Page | 32 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
11a. TANGIBLE FIXED ASSETS (excluding Heritage Assets)
Group Freehold Leasehold Motor Plant & Total Property Improvements vehicles equipment £ £ £ £ £ Cost at 1 April 2019 4,530,798 166,528 529,279 1,585,762 6,812,366 Additions 197,420 - 80,892 48,239 326,551 Disposals - - (22,114) (56,565) (78,679) 31 March 2020 4,728,218 166,528 588,056 1,577,437 7,060,239
Depreciation at 1 April 2019 272,363 26,432 432,556 1,398,466 2,129,816 Disposals - - (15,284) (56,565) (71,849) Charge for the year 47,284 5,551 82,518 152,781 288,135 31 March 2020 319,647 31,983 499,790 1,494,683 2,346,102
Net book value 31 March 2019 4,258,435 140,096 96,723 187,296 4,682,550 31 March 2020 4,408,571 134,545 88,266 82,754 4,714,136
The Trust's York Office is subject to a Legal Charge in favour of Barclays Bank Plc dated October 2005.
In February 2014, the Trust granted a legal charge to the Trustees of the National Heritage Memorial Fund over certain of its land and buildings located at Spurn Point. As at 31 March 2020, the Trust had no liability to the chargee.
In September 2016, the Trust granted a legal charge to HSBC Bank plc over freehold land at Low Carr Farm, near Pickering, North Yorkshire.
11b. HERITAGE ASSETS
Unrestricted Restricted Total Funds Funds Cost or valuation £ £ £
at 1 April 2019 970,199 3,251,464 4,221,663 Additions - 2,683 2,683 Disposals - - - at 31 March 2020 970,199 3,254,147 4,224,346
2019-20 2018-19 2017-18 2016-17 2015-16 Five year summary of heritage asset transactions £ £ £ £ £
Additions: Purchases 2,683 51,884 223,647 3,225 8,330 Donations - - - - - Disposals - - (11,000) - - at 31 March 2020 2,683 51,884 212,647 3,225 8,330
In August 2018, The Trust acquired 5 Hectares of land adjoining its Kilnsea Wetlands Nature Reserve, East Yorkshire.
In August 2018, The Trust acquired 13 Hectares of land, known as Manor Farm, adjoining its Potteric Carr Nature Reserve, South Yorkshire. Heritage asset additions in the year to 31 March 2020 relate to professional costs associated with the acquisitions at Kilnsea Wetlands and Manor Farm Potteric Carr during 2018.
Page | 33 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
12. STOCK Group Charity 2020 2019 2020 2019 £ £ £ £
Goods held for resale 53,087 59,136 5,993 7,742 Livestock 40,870 65,195 40,870 65,195 Total 93,957 124,331 46,863 72,937
13. DEBTORS Group Charity 2020 2019 2020 2019 Amounts falling due within one year £ £ £ £
Trade debtors 87,560 771,612 70,911 770,403 Taxation receivable 72,365 40,083 72,365 40,083 Accrued income 744,093 859,308 744,093 859,308 Prepayments 45,664 33,222 45,664 33,222 Amounts due from group undertakings - - 188,651 159,002 WT Pension Scheme 35,850 - 35,850 - Other debtors 173,578 2,281 173,578 2,282 Total 1,159,110 1,706,506 1,331,112 1,864,300 Included in amounts due from group undertakings is an unsecured loan to Yorkshire Wildlife Services Limited of £18,475. Interest is payable on the loan at a rate of 3% per annum. The loan is repayable to Yorkshire Wildlife Trust on 31 March 2022 and is therefore due after more than 1 year.
14. CREDITORS Group Charity 2020 2019 2020 2019 Amounts falling due within one year £ £ £ £
Trade creditors 670,237 1,147,809 661,372 1,132,698 Taxation, social security and pension 134,071 125,373 121,324 112,569 Other creditors 24,747 - 24,747 - Mortgage 48,976 48,117 48,976 48,117 Accruals 130,648 111,319 126,798 107,620 Amounts due to group undertakings - - 10,838 26,461 Deferred income 72,682 38,568 72,682 38,568 Total 1,081,361 1,471,186 1,066,737 1,466,033
Group Charity 2020 2019 2020 2019 Amounts falling due after more than one year £ £ £ £
Mortgage 550,220 599,115 550,220 599,115 WT Pension provision - 32,902 - 32,902 Total 550,220 632,017 550,220 632,017
Included in creditors amounts falling due after more than one year is an amount of £342,879 (2019: £397,117), which is due after five years. This relates to two mortgages as follows: - Mortgage provided by Barclays Bank Plc, secured on the Trust's York Office, is repayable by October 2025 at an interest rate of 1.125% over Base Rate. - Mortgage provided by HSBC Bank PLC, Secured on land owned by the Trust at Low Carr Farm, nr Pickering North Yorkshire, repayable by September 2036 at an interest rate of 1.8% over Base Rate. Group Charity 2020 2019 2020 2019 Deferred income £ £ £ £ Balance as at 1 April 2019 38,568 34,609 38,568 34,609 Amount released to income (38,568) (34,609) (38,568) (34,609) Amount deferred in year 72,682 38,568 72,682 38,568 Balance as at 31 March 2020 72,682 38,568 72,682 38,568
Deferred income comprises contract income received in the year relating to works to be undertaken in 2020-21 and land subsidy income received by the Trust.
Page | 34 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
15. INVESTMENTS Group and charity 2020 2019 Listed investments £ £ Market value at 1 April 2019 1,569,391 1,168,861 Additions 11,433 323,733 Disposals - (51,917) Net gain/(loss) on investments (27,600) 128,715 Market value at 31 March 2020 1,553,224 1,569,391 Cash held for reinvestment - - Accrued investment dividend 1,536 1,486 Total 1,554,760 1,570,877
Historical cost of investments at 31 March 972,646 961,213
2020 2019 Analysis of investments by type % % COIF Charities Ethical Investment Fund 81% 80% EdenTree Amity Global Equity Fund for Charities 19% 20% Yorkshire Wildlife Services Limited 0% 0%
At 31 March the geographic allocation of investments was as follows: 2020 2019 Geographic Analysis of investments % %
UK 100% 100% Total 100% 100%
The above investments were all held with UK registered funds, that include overseas holdings.
Yorkshire Wildlife Services Limited On 18 December 2015, Yorkshire Wildlife Services Limited ("YWSL") a company registered in England was incorporated. Yorkshire Wildlife Trust owns the entire share capital of YWSL (10 ordinary shares of £1).
Further information is provided at Note 24.
The investment in YWSL (£10) is included in the balance sheet of Yorkshire Wildlife Trust.
Page | 35 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
16. PENSION COSTS
The Trust operates two pension arrangements: a Standard Life Auto-enrolment defined contribution scheme, and the Wildlife Trusts Pension Scheme. The latter is described below.
The Wildlife Trusts Pension Scheme (WTPS) The WTPS is a multi-employer scheme with Yorkshire Wildlife Trust being one of 18 participating Wildlife Trusts. The Scheme's assets are held separately from those of the Trust. The WTPS has two categories of membership: defined benefit and defined contribution. The defined benefit or 'final salary' category closed to further accrual of benefits in October 2005, however, some Trusts continue to make contributions to eliminate the scheme deficit.
The Trustees of the Wildlife Trusts Pension Scheme confirmed in March 2020 that Yorkshire Wildlife Trust had in fact triggered a S75 event in 2002 and that their liability would be calculated at this date.
WTPS Pension Scheme Liability In our previous years accounts, in accordance with FRS 102, we calculated Yorkshire Wildlife Trust's share of the pension deficit based on the discounted cost of its deficit reduction plan payments as proposed by the Trustees of the pension scheme in 2017. On this basis, Yorkshire Wildlife Trust's estimated share of the deficit at 31 March 2019 was £38,122 for which the Trust made full provision within last years accounts. Yorkshire Wildlife Trust made repayment contributions inline with this plan up to March 2020, making total contributions in the year to 31 March 2020 of £4,675 (2019: £4,637).
The Trustees of the Wildlife Trusts Pension scheme confirmed in March 2020 that as Yorkshire Wildlife Trust triggered a S75 event in 2002, that Yorkshire Wildlife Trust has no liability to fund any deficit.
In addition, the Trustees of the Wildlife Trust Pension Scheme have confirmed that Yorkshire Wildlife Trust's liability under S75 was Nil in 2002 and that the Trust is instead due a refund of the contributions made since this date of £40,850 less applicable Trustee expenses (£5,000). We have also reversed the provisions we had made in last years accounts of £38,122. This refund and provision reversal, less the contributions paid this year of £4,675 have given rise to a gain on DB pension scheme of £69,297. An amount of £35,850 is included within debtors due within 1 year at 31 March 2020.
2020 2019 WTPS Defined Benefit Scheme contribution commitments £ £
Contributions payable within one year - 5,220 Contributions payable after one year - 32,902 Total pension contribution commitments - 38,122
Page | 36 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
17. OPERATING LEASE COMMITMENTS
At 31 March 2020, the Trust had outstanding commitments for future minimum lease payments under non cancellable operating leases, which fall due as follows; 2020 2019 Land & Land & buildings Other buildings Other Annual operating lease commitments in respect of leases expiring: £ £ £ £
Within one year 14,645 3,761 18,347 135 Between one and five years 16,116 1,567 11,698 - After five years - - - - Total 30,761 5,328 30,045 135
18. FINANCIAL COMMITMENTS
18a. COMMITMENTS UNDER AGENCY AGREEMENTS
Periodically, the Trust enters into agreements with Yorkshire landowners to act as their agent for peat restoration contracts on their land and for claiming Higher Level Stewardship grants from Natural England on their behalf. The total value of the contract work within the year ended 31st March 2020 was £0.45m (2019 £Nil). Neither the grant income receivable from Natural England, nor the payments to the contractors for the peat restoration works are included in the Statement of Financial Activities, because the incoming resources do not belong to the Trust and the Trust has no responsibility for their ultimate application, being legally bound to apply the funds to the peat restoration works as agent for the landowners.
At 31st March 2020, included within Other debtors is income receivable as agent for peat restoration works completed of £0.18m (2019: £Nil). Other creditors includes £NIL (2019: £Nil) for work completed but not yet paid.
18b. CONTRACTUAL COMMITMENTS FOR CAPITAL ITEMS The Trust has no contractual commitments for capital items at 31 March 2020. 2020 2019 £ £ Customer Relationship Management Project - 6,203 Total - 6,203
Page | 37 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
19. RELATED PARTY TRANSACTIONS
Mike Cooke, a Trustee of Yorkshire Wildlife Trust, is also a Non Executive Director of Humber Teaching NHS Foundation Trust. Yorkshire Wildlife Trust has contracted with Humber Teaching NHS Foundation Trust for the provision of health trainer services in East Yorkshire focussing on the wellbeing of fisherman in East Yorkshire, funded by the European Maritime & Fisheries Fund and Seafarer's Hospital Society. Mr Cooke declares a conflict of interest at any meetings in relation to services provided by Humber Teaching NHS Foundation Trust to Yorkshire Wildlife Trust and takes no part in decision making relating to the procurement of such services by the Trust. During the year the Trust expended £87,684 (2019: £65,763) under this contract to Humber Teaching NHS Foundation Trust of which £7,307 (2019 £7,307) was included in Creditors at 31 March 2020.
Gurdev Singh, a Trustee of Yorkshire Wildlife Trust, is also a Director of North Wold Printers Ltd who provide printing services to the Trust. Mr Singh declares a conflict of interest at any meetings in relation to services provided by North Wold Printers Ltd to Yorkshire Wildlife Trust and takes no part in decision making relating to the procurement of such services by the Trust. During the year, the Trust purchased print and mailing services from North Wold Printers Ltd totalling £54,323 (2019: £57,243), with £NIL (2019: £11,886) included within creditors at 31 March 2020. North Wold Printers Ltd is also a corporate member and supporter of the Trust contributing income of £500 (2019: £500) in the year.
Paddy Hall, a Trustee of Yorkshire Wildlife Trust, is also Chairman of the West Beck Preservation Society. Yorkshire Wildlife Trust has granted the West Beck Preservation Society a licence to 31 March 2025 for restricted fishing rights and access to 1.6km of West Beck, a tributary of the River Hull, East Yorkshire.
Christine Packer, a Trustee of Yorkshire Wildlife Trust, is also a Director of Yorkshire Wildlife Services Limited, the Trust's wholly owned trading subsidiary.
Peter Batchelor, Yorkshire Wildlife Trust's Director of Finance and Central Services is also a Director of Yorkshire Wildlife Services Limited, the Trust's wholly owned trading subsidiary.
During the course of the year, Yorkshire Wildlife Trust undertook regular operational transactions with Yorkshire Wildlife Services Limited, its subsidiary company. This included the sale of goods and services between the two organisations. Yorkshire Wildlife Trust also entered into an agreement with Yorkshire Wildlife Services Limited for the provision of operational and administrative services to the trading subsidiary. During the year the following transactions took place between the Trust and Yorkshire Wildlife Services Ltd (YWSL): • Purchases of £39,545 (2019: £46,036) were made from YWSL during the year, of which £10,838 (2019: £26,461) is outstanding at the year end and is included within creditors; • Recharges for goods and services provided by the Trust to YWSL of £256,349 (2019: £224,810), of which £156,349 (2019: £140,527) was outstanding at 31 March 2020; • Interest charge to YWSL of £554 (2019: £554) for the loan of £18,475 (2019: £18,475) from the Trust to YWSL. The loan capital and interest is included within debtors at 31 March 2020. The loan is repayable on 31 March 2022. • The transfer under gift aid of the trading profits of YWSL to the Trust of £13,589 (2019: £16,899) of which £13,589 was included in debtors as at 31 March 2020.
There were no other outstanding balances with related parties as at 31 March 2020 (2019: £nil).
Page | 38 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
20. Analysis of Net Accumulated Funds Balance Movement in Funds Balance 1 April Incoming Expended Gains & Transfers Transfer to 31 March 2019 resources in year Losses in year Asset purchase 2020 £ £ £ £ £ £ £ UNRESTRICTED FUNDS General Unrestricted Funds 654,609 4,591,554 (3,703,746) 69,387 (231,873) (113,085) 1,266,846 Unrestricted Fixed Asset Funds 1,963,921 - (104,684) - - 113,085 1,972,322 Total Unrestricted Funds 2,618,530 4,591,554 (3,808,430) 69,387 (231,873) - 3,239,168
DESIGNATED FUNDS IT & Organisational Development Fund - - - - 150,000 - 150,000 Total Designated Funds - - - - 150,000 - 150,000
RESTRICTED FUNDS Long Term Funds Bolton on Swale Fund - 50,000 (5,000) - - - 45,000 Communities along the sands fund 51,816 - - - - - 51,816 Eva Crackles Fund 49,407 - - 17 - - 49,424 Dealtry Legacy Fund 173,693 - (12,078) (373) 78 - 161,320 Humberhead Levels Fund 154,070 - (47,945) - - - 106,125 Humberhead Levels Partnership Fund 15,616 - (1,320) - - - 14,296 Land purchase fund 1,500 - - - - - 1,500 North Cave long term fund 859,714 40,000 (97,508) 4,018 - - 806,224 North Leeds nature reserves Fund 195,000 - (17,614) 2,083 - (16,219) 163,250 North Rivers Fund - 150,000 - - - - 150,000 NY Moors Fund - Bill & Ursula Mitchell Trust 84,560 - (36,104) - 6,830 - 55,286 Peatland Restoration Fund - 50,000 (40,000) - 55,271 - 65,271 Potteric Carr - Manor Farm Fund 383,285 10,700 (27,072) (28,335) - (5,373) 333,205 Potteric Carr Fund 96,500 80,000 (27,405) - - 149,095 Potteric Visitor Centre Solar Fund 754 - - - - - 754 Richmondshire fund 20,000 2,000 (1,000) - (2,000) - 19,000 River Torne Catchment Fund - 120,000 - - - - 120,000 Margaret Sanderson Fund 33,414 69 - - - - 33,483 Woodland Management Fund 20,000 5,000 - - - - 25,000
2,139,329 507,769 (313,046) (22,590) 60,179 (21,592) 2,350,049 Project Funds Askham Bog Appeal 2,262 40,433 (40,404) - - - 2,291 Back from the Brink National Lottery Heritage Fund - 30,374 (30,374) - - - - Barnsley MBC Fleets Project Fund - 45,000 (35,986) - - - 9,014 Barnsley MBC Fleets S106 Fund - 35,000 (1,029) - - - 33,971 Bolton on Swale Natural England - 25,615 (27,615) - 2,000 - - Bradford Urban Discovery National Lottery Community Fund 37,109 109,289 (100,123) - - (11,992) 34,284 Broomfield Washlands E Yorkshire Riding Council 4,488 - (5,882) 1,394 - - Calder Greening Calderdale Council - 125,556 (120,968) - - (4,588) - Carr Lodge The Land Trust - 49,679 (51,981) - 2,302 - - Countryfile Live Grant - The Wildlife Trusts - 8,000 (8,000) - - - - Dearne Valley Country Park Fund 5,000 - (340) - - - 4,660 Dearne Valley Landscape Partnership 7,250 - (4,250) - - - 3,000 Derwent Catchment N Yorkshire County Council 55,206 - (5,451) - - - 49,755 Derwent Catchment Partnership The Environment Agency 1,662 15,000 (14,882) - - - 1,780 Derwent Villages Project The Environment Agency - 17,524 (17,524) - - - - Derwent Doing More The Environment Agency 7,000 49,463 (42,514) - - - 13,949 Derwent Catchment Fund The Environment Agency 27,401 5,000 (13,330) - - - 19,071 Endangered Landscapes Programme - Humber - 47,683 (7,236) - - - 40,447 Flamborough Nature Reserve Fund 12,000 - - - - - 12,000 Great Crested Newts Project The Environment Agency - 20,000 (15,700) - - - 4,300 Invasive Species Project Yorkshire Water 8,824 23,290 (15,576) - - - 16,538 Invasive Species Project The Environment Agency 20,670 7,500 (12,332) - - - 15,838 Leeds Streaming The Environment Agency - 8,323 (8,323) - - - - Living Seas Cetacean Monitoring EMFF - 18,614 (18,614) - - - - Living Seas Education and Engagement EMFF - 33,420 (33,420) - - - - Living Seas Fishing 4 Litter EMFF - 18,672 (18,672) - - - - Living Seas Marine Pollution EMFF - 20,133 (18,483) - - (1,650) - Page | 39 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020 The Society has an overdraft facility of £500,000 which has been secured by way of a charge over unrestricted investments. The trading 20. Analysis of Net Accumulated Funds (Cont'd) Balance Movement in Funds Balance 1 April Incoming Expended Gains & Transfers Transfer to 31 March 2019 resources in year Losses in year Asset purchase 2020 £ £ £ £ £ £ £ Project Funds (cont'd) Living Seas NHS Collaboration EMFF - 95,433 (95,433) - - - - Living Seas Signature Seafood EMFF - 13,445 (13,445) - - - - Lower Aire Valley Nature Reserves Leeds City Council - 16,258 (31,883) - 15,625 - - Nature Reserves Appeal - 5,812 (4,820) - - - 992 Nature Friendly Schools DEFRA and DFE - 90,450 (54,074) - - (1,006) 35,370 North Cave Wetlands short term fund 6,527 23,125 (19,905) - - (4,335) 5,412 North Newbald Becksies Project - 7,900 (5,970) - - - 1,930 North of England Peat Partnership DEFRA 592,563 1,339,152 (1,747,532) - - - 184,183 North Sea Marine Advocacy Esmee Fairbairn & WTs 9,844 61,188 (53,783) - - - 17,249 Peatland Appeal 10,549 59,445 (14,723) - (55,271) - - Peatland The Environment Agency - 35,000 (35,000) - - - - Pennine PeatLife EU LIFE 38,122 76,878 (115,000) - - - - Ripon City Wetlands Aggregate Industries 4,981 25,545 (30,526) - - Ripon City Wetlands WREN 37,263 - (18,116) - - (5,240) 13,907 River Aire Local Growth Deal West Yorkshire Combined - 178,075 (160,490) - - (17,585) - RiverAuthority Foss The Environment Agency - 24,466 (19,010) - - - 5,456 River Hull Chalk Stream Fund 7,760 - (8,828) - 13,000 - 11,932 River Hull Catchment Partnership The Environment Agency 2,506 15,000 (16,480) - - - 1,026 River Hull & Top Hill Low 5,000 - - - - - 5,000 River Hull Yorkshire Water - 8,000 (12,753) - 4,753 - - River Torne WEG Grant The Environment Agency - 43,950 (45,137) - 1,187 - - River Torne Catchment Partnership The Environment Agency - 7,500 (7,500) - - - - River Torne Projects The Environment Agency, Severn Trent 8,790 29,392 (35,965) - - - 2,217 RiverWater Went The Environment Agency - 40,593 (41,531) - 938 - - River Wiske The Environment Agency - 49,304 (59,173) - 9,869 - - Soak it Up Project Yorkshire Water 1,431 55,075 (56,506) - - - - Staveley Nature Reserve WREN 22,737 - (19,472) - - - 3,265 Stories in Stone Yorks Dales Millenium Trust - 16,463 (16,463) - - - - Stories in Stone Salt Lake Quarry Yorks Dales Millenium Trust - 6,000 (6,000) - - - - Stories in Stone Reyns Barn Yorks Dales Millenium Trust 2,343 21,093 (23,436) - - - - Tomorrow's Natural Leaders National Lottery Community Fund - 224,572 (223,120) - - - 1,452 Wolds Dew Ponds National Lottery Heritage Fund & The 4,484 11,150 (15,634) - - - - Boatman Charitable Trust Wheldrake Bridge Natural England - 196,092 (706) - - (195,386) - Wyke Beck Leeds City Council 115,409 - (38,610) - - - 76,799 Youth in Nature Project National Lottery Community Fund & - 41,620 (41,620) - - - - Probe Other restricted project funds 49,007 54,019 (100,163) - 25,896 (1,671) 27,088
Restricted Long Term & Project Funds 3,247,517 4,133,332 (4,170,863) (22,590) 81,873 (265,045) 3,004,224 Restricted Fixed Asset Funds 6,341,176 - (183,451) (6,830) - 265,045 6,415,940
Total Restricted Funds 9,588,693 4,133,332 (4,354,314) (29,420) 81,873 - 9,420,164
Total Funds 12,207,223 8,724,886 (8,162,744) 39,967 - - 12,809,332
Page | 40 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
20. Analysis of Net Accumulated Funds (cont'd)
The general unrestricted funds represents the available unrestricted funds of the charity which the Trustees are free to use, in accordance with the charitable objectives of the Trust.
Designated funds represent unrestricted funds set aside by the Trustees for essential spend or future purposes.
Restricted funds represent funds received by the Trust for use towards a specific purpose or particular project.
The fixed assets funds represent the net book value of tangible fixed assets, net of the Trust's long term mortgage liability. The allocation of tangible fixed assets is carried out on the basis of whether the funds used for the acquisition were from restricted funds or from unrestricted funds. Transfers to Asset Purchase represents expenditure on items capitalised as fixed assets at 31 March 2020 and movement from general unrestricted funds to reflect the annual capital repayment of the Trust's mortgage liability. Transfers In Year arise when unrestricted money is utilised to contribute towards delivery of a restricted fund project or the designation of general unrestricted funds.
Designated funds During the year to 31 March 2020, the Trust designated £150,000 for future IT and organisational development investment. Restricted Funds
The Trust holds the following restricted funds: • The Dealtry Legacy Fund is a legacy received during the year ended 31 March 2001 to be used for the purchase and development of freshwater nature reserves within North & East Yorkshire. • The Eva Crackles Fund is a legacy received during the year ended 31 March 2008 to be used for the purchase of land in the East Riding of Yorkshire for conservation purposes. • The North Cave long term fund comprises donations for the long term development and management of North Cave nature reserve. • The Bill and Ursula Mitchell Trust legacy received in 2015 is to be spent by the Trust on conservation activity within the North Yorkshire Moors National Park. • The Humberhead Levels Fund was created using a donation received in August 2018 from Yorkshire Water. The fund is to be used to support our work across the Humberhead Levels. • The Bolton on Swale Fund was created using a donation received from Yorkshire Water to support our ongoing management and development of Bolton on Swale nature reserve. • The North Leeds nature reserves fund was created using a donation received from Yorkshire Water in March 2019. The fund is to be used to support nature reserve management and engagement activities in North Leeds and enable access improvements to our nature reserves at Adel Dam and Hetchell Wood. • The North Rivers Fund was created using a donation received from Yorkshire Water. The fund is to be used to support our work within the Ure, Swale catchment and tributaries including the Wiske and Tutt. • The Peatland Restoration Fund was created using a donation received from Yorkshire Water and the proceeds of the Trust’s Peatland Appeal in 2019. The fund is to be used to support peatland restoration, research and carbon reduction initiatives. • The Potteric Carr - Manor Farm Fund is an endowment received from Persimmon Home Plc to manage land and deliver engagement activities at Manor Farm, adjacent to Potteric Carr nature reserve.
Page | 41 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
20. Analysis of Net Accumulated Funds (cont'd)
• The Potteric Carr fund was created using a donation from Tesco PLC received in October 2018 and a donation from Yorkshire Water in February 2020. The fund is to be used to support nature reserve management, engagement activities and projects at Potteric Carr nature reserve, Doncaster. • The River Torne Catchment Fund was created using a donation received from Yorkshire Water to support our work in the Torne River Catchment. • The Margaret Sanderson Fund is a legacy received during 2019 for the purchase of land in Yorkshire.
During the year to 31 March 2020, the Trust received restricted funds with incoming resources in excess of £30,000 as follows: • Askham Bog Appeal - The Trust ran an appeal to raise funds to continue its fight to stop the development of over 500 houses adjacent to the bog • Back from the Brink - Yorkshire Wildlife Trust, working with RSPB is delivering a Willow Tit restoration project in the Dearne Valley, Barnsley funded by The National Lottery Heritage Fund • Bradford Urban Discovery Project - In December 2018, the Trust began a new project in South Bradford supporting urban communities to reclaim and improve local green spaces for people and wildlife, providing residents with accessible and local natural areas. The project is funded by The National Lottery Community Fund and Bradford City Council; • Barnsley Fleets Project - In partnership with Barnsley Metropolitan Borough Council, restoration of greenspace in Barnsley to extend the ‘wildlife corridor’ along the River Dearne and Barnsley Canal; • Calder Greening Project - in partnership with Calderdale Council, the Environment Agency and the European Regional Development Fund, Calder Greening is a series of projects to improve green spaces, deliver river restoration work and encourage tourism and business growth across the Calder Valley; • Tomorrow's Natural Leaders - training scheme launched with funding from The National Lottery Community Fund, Our Bright Future fund to encourage young people to connect with their local environment and gain skills and experience contributing to the green economy; • River Wiske Project - Our project along the River Wiske Corridor looks to address local flooding and water pollution issues, as well as to create new habitat for wildlife. The project is funded by The Environment Agency; • Youth in Nature - Hull - Partnering with Probe (Hull) Ltd to introduce young children in Hull to nature. With funding from National Lottery Community Fund, Our Bright Future fund; • North of England Peat Partnership and the Yorkshire Peat Partnership - Lead partner in £4.5m project to deliver peatland restoration across the North of England. Funded by Defra and the Environment Agency; • Peatland Appeal - The Trust held a public appeal to raise funds to support peatland restoration in Yorkshire • Pennine PeatLIFE is funded by the EU LIFE programme with match funding from Yorkshire Water, United Utilities, Northumbrian Water and the Environment Agency. Pennine PeatLIFE is led by the North Pennines Area of Outstanding Natural Beauty (AONB) Partnership in collaboration with Yorkshire Wildlife Trust and Forest of Bowland AONB Partnership; • Environment Agency Torne Catchment Partnership funding delivering improving water quality, natural flood defence and sustainable drainage system (SuDS) initatives and education; • Land Trust funding at Carr Lodge has successfully allowed us to continue to bring 70 acres of land at Carr Lodge, Doncaster under environmental management;
Page | 42 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
20. Analysis of Net Accumulated Funds (cont'd)
• Staveley and Ripon City Wetlands - funding from WREN FCC Community Action Fund in March 2019 towards access and conservation improvements at Staveley Nature Reserve and Ripon City Wetlands Nature Reserve; • Marine Advocacy Esmee Fairbairn and WTs - Leading a North Sea Marine Advocacy Programme on behalf of the Wildlife Trusts, campaigning for Marine Protection Zones in UK waters, and particularly in the North Sea (MPZ); The campaign is funded by The Esmee Fairbairn Foundation; • River Derwent Projects - Lead delivery partner of the Derwent Catchment Partnership, aiming to improve water quality and create wildlife habitat in the Derwent catchment; • Soak it Up - Partnering with Yorkshire Water to deliver a programme of sustainable drainage initiatives and education to school across South and East Yorkshire; • Leeds Wyke Beck Project - collaboration with Leeds City Council to develop a green infrastructure corridor along the Wyke Beck Leeds; • River Hull Project aims to improve water quality and create wildlife habitat along the chalk stream headwaters of the River Hull. The project is currently funded by Natural England, the Environment Agency, Yorkshire Water and The Boatman Charitable Trust;
• Nature Friendly Schools - project funded by the Department for Education and DEFRA to give thousands of children the opportunity to get closer to nature to benefit their learning, health and wellbeing; • Humber Health Trainers Partnership - working in partnership with the Humber Teaching NHS Foundation Trust and Seafarers Hospital Society, with funding from The European Maritime and Fisheries Fund (EMFF), a dedicated Healthtrainer service was launched in October 2018 that aims to improve the health and wellbeing of the region’s fishermen; • Endangered Landscapes Project funded by Arcadia - The programme is exploring land-use options in the Humber and potentially transitioning large areas of defended and intensively farmed land to a wilder landscape; • Living Seas Programme - The European Maritime and Fisheries Fund (EMFF) funded a range of marine based projects including, marine pollution, engagement, sustainable seafood and the Fishing 4 Litter programme; • River Aire Local Growth Deal - West Yorkshire Combined Authority. Delivery of a programme of natural flood management interventions to slow the flow of water before it reaches urban areas downstream; • River Torne & River Went - Our projects along the River Torne and River Went look to renaturalise the river and create new habitat for wildlife. The projects are funded by The Environment Agency Water Environment Grant; • Wheldrake Bridge - funded by a Water Environment Grant from Natural England, the Trust replaced the bridge at Wheldrake Ings Nature Reserve across the River Derwent, providing access for both land management and for visitors to the site. Other restricted funds are grants for a range of projects, of which the largest are displayed separately.
Page | 43 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
21. Cash flow analysis 2020 2019 Note £ £ Operating activities Net incoming resources before gains/(losses) 562,142 1,246,044 Adjustment for: Interest costs 14,614 15,216 Investment income (19,386) (7,554) Depreciation 11a 288,135 372,259 Changes in working capital: (Increase) / decrease in stock 30,374 (7,695) (Increase) / decrease in debtors 13 547,396 (285,014) Increase / (decrease) in creditors 14 (423,585) 359,137 DB Pension scheme non-cash movement 69,297 (1,547) Net cash inflow/(outflow) from operating activities 1,068,986 1,690,847
Investment activities £ £ Investment income received 17,850 6,068 Accrued investment income 1,536 1,485 Interest paid (14,614) (15,216) Purchase of fixed & heritage assets (329,234) (420,081) Purchase of investments (11,433) (323,733) Sale proceeds of disposal of assets 5,100 16,783 Sale proceeds of investments - 51,917 Net cash inflow/(outflow) from investment activities (330,795) (682,776)
Financing activities £ £ Debt due within one year: Increase / (decrease) in short term borrowing 14 - - Increase / (decrease) of secured loan (mortgage) 860 2,270 Debt due beyond one year: Increase / (decrease) of secured loan (mortgage) 14 (48,895) (49,097) Net cash inflow/(outflow) from financing activities (48,035) (46,827)
Page | 44 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
21. Cash flow analysis (cont'd) 2020 2019 Note £ £ Analysis of cash and cash equivalents Cash in hand 2,694,604 2,004,499 Cash held for reinvestment - - Accrued investment income 1,536 1,485 Overdraft - - 2,696,141 2,005,985
Analysis of change in net funds / (debt) 1 April Cash 31 March 2019 Flow 2020 Note £ £ £
Cash at bank and in hand 2,004,499 690,105 2,694,604 Liquid resources - - - Debt due within one year 14 (48,117) (860) (48,976) Debt due after one year 14 (599,116) 48,896 (550,220)
Net funds 1,357,267 738,140 2,095,408
22. Analysis of Group Net Assets by fund Unrestricted Funds Restricted Funds General & Fixed Assets Income Fixed Assets Total Designated Note £ £ £ £ £ Tangible fixed assets - 2,522,542 - 6,415,940 8,938,482 Investments 296,958 - 1,257,802 - 1,554,760 Cash at bank and in hand 1,239,868 - 1,454,736 - 2,694,604 Stock 93,957 - - - 93,957 Debtors 313,237 - 845,873 - 1,159,110 Current Liabilities (527,173) - (554,188) - (1,081,361) Creditors > 1 year - (550,220) - - (550,220) 1,416,847 1,972,322 3,004,223 6,415,940 12,809,332
Page | 45 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
23. Comparative financial information for the financial year to 31 March 2019 Unrestricted Restricted Total Funds Funds 2019 £ £ £
INCOME Donations and legacies 1,447,009 672,920 2,119,929 People's Postcode Lottery 230,000 - 230,000 Charitable activities 1,716,680 4,976,293 6,692,973 Other trading activities 419,262 - 419,262 Investments 3,904 3,649 7,554 Total Income 3,816,855 5,652,863 9,469,718 EXPENDITURE Raising Funds 529,062 36,600 565,662 Charitable Activities 3,532,395 4,125,617 7,658,012 0 Total Expenditure 4,061,457 4,162,217 8,223,674 Gains/(losses) on investment assets 34,109 94,606 128,715 Net income / (expenditure) (210,493) 1,585,252 1,374,759 Transfers between funds (90,353) 90,353 - Net incoming resources before other recognised gains (300,846) 1,675,605 1,374,759 Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets 9,883 6,900 16,783 Other gains/(losses) - - - Actuarial gains / (losses) on defined benefit pension schemes (1,547) - (1,547) Net movement in funds (292,510) 1,682,505 1,389,995 Reconcilliation of funds Total funds brought forward 2,911,040 7,906,188 10,817,228 Total funds carried forward 2,618,530 9,588,693 12,207,223
Unrestricted Restricted 2019 Funds Funds £ £ £ Fixed assets Tangible assets 1,592,837 3,089,713 4,682,550 Heritage assets 970,199 3,251,464 4,221,663 Investments 234,583 1,336,304 1,570,887 Total fixed assets 2,797,619 7,677,482 10,475,100 Current assets Stock 72,937 - 72,937 Debtors 1,214,625 649,675 1,864,300 Cash at bank and in hand (208,565) 2,101,501 1,892,936 Total current assets 1,078,997 2,751,176 3,830,173 Liabilities Creditors: amounts falling due within one year 626,069 839,964 1,466,033 Net current assets 452,928 1,911,212 2,364,140 Total assets less current liabilities 3,250,547 9,588,693 12,839,240 Creditors: amounts falling due after more than one year 632,017 - 632,017 Net assets 2,618,530 9,588,693 12,207,223 The funds of the charity: General unrestricted funds 654,609 - 654,609 Restricted income funds - 3,247,517 3,247,517 Fixed asset purchases fund 1,963,921 6,341,176 8,305,097 Total funds 2,618,530 9,588,693 12,207,223
Page | 46 Yorkshire Wildlife Trust NOTES TO THE ACCOUNTS for the year ended 31 March 2020
24. TRADING SUBSIDIARY
Yorkshire Wildlife Services Limited
On 18 December 2015, Yorkshire Wildlife Services Limited ("YWSL") a company registered in England was incorporated. Yorkshire Wildlife Trust owns the entire share capital of YWSL (10 ordinary shares of £1). YWSL was incorporated as a wholly owned subsidiary, with a view to generating funds on behalf of Yorkshire Wildlife Trust and ensuring continued compliance with UK tax legislation. YWSL commenced trading on 1 April 2016. On 1 April 2016, the retail and catering operations of Yorkshire Wildlife Trust were moved to YWSL. All retail and catering stock at 1 April 2016 was transferred to YWSL.
During the 12 months to 31 March 2020, a profit of £13,589 before taxation was generated and subsequently distributed to Yorkshire Wildlife Trust under the gift aid scheme.
Profit and loss account 2020 2019 for 12m to 31 March 2020 £ £ Turnover 481,253 421,774 Cost of sales 442,282 383,303 Gross Profit 38,971 38,471 Administrative expenses 24,828 21,017 Interest payable 554 554 Profit before taxation 13,589 16,899 Taxation Gift Aid Donation to Yorkshire Wildlife Trust 13,589 16,899 Retained earnings for the financial year - -
Balance sheet 2020 2019 at 31 March 2020 £ £ Current assets Stock 47,094 51,394 Debtors 27,488 27,670 Cash at bank and in hand 139,542 111,563 Total current assets 214,124 190,627 Liabilities Creditors: amounts falling due within one year 195,639 172,142 Total assets less current liabilities 18,485 18,485 Creditors: amounts falling due after more than one year 18,475 18,475 Net assets 10 10
Capital and Reserves Called up share capital 10 10 Profit and loss reserves - - Total equity 10 10
Page | 47 Yorkshire Wildlife Trust Corporate Members for the year ended 31 March 2020
Yorkshire Wildlife Trust would like to thank all its corporate partners who have supported the Trust throughout the year.
CORPORATE BENEFACTOR GOLD Yorkshire Water DB Cargo (UK) Limited Vine House Farm Dr Reddy’s Laboratories (EU) Ltd GB Railfreight Jay Be Beds
SILVER Tata Consultancy Services University of Leeds O’Donnell Civil Engineers Ltd Wykeland Limited University of York
BRONZE BRONZE (cont'd) Beal Developments Sherwin Williams Concept Data Display Ltd Sloemotion Construction Marine Ltd Syngenta Ltd Consulo Financial Planning Ltd Tennants Auctioneers Ltd Croda International Plc The Conservation Volunteers Double Two Ltd The Reed Boardall Group Ltd Evans Management Ltd W Clifford Watts Ltd Far 'n' Beyond Ltd Wienerberger Ltd Forest Holidays Xiros Ltd Friendship Estates Ltd Harland & Co Solicitors Henry Boot Hungate York Regeneration Ltd Inntravel Ltd J W Crowther & Son Limited North Wolds Printers Peppers Marquees Ltd Read Family Group Ltd
Page | 48 Yorkshire Wildlife Trust Vote of Thanks for the year ended 31 March 2020
Yorkshire Wildlife Trust would like to thank all its partners, supporters, major donors and Wildlife Guardians for their help with its work, many of whom are listed below.
We would like to also give thanks to players of People’s Postcode Lottery and The National Lottery. Each year People’s Postcode Lottery, The National Lottery Heritage Fund and The National Lottery Community Fund continually support Yorkshire Wildlife Trust, providing significant funding for our work.
Aggregate Industries UK Ltd Environment Agency Aire Rivers Trust Environmental Funders Network Arco Esmée Fairbairn Foundation Ark Display eulife Ark Display Graphics European Maritime and Fisheries Fund Artemis Foundation European Regional Development Fund (ERDF) Associated British Ports FCC Communities Foundation Barclays plc Filey Bird Observatory Group Barnsley Metropolitan Borough Council Flamborough Bird Observatory Biffa Award Friends of Lower Derwent Valley Biotope Friends of Yorkshire Wildlife Trust Bourne Leisure Garganey Trust Bradford City Council GB Rail Freight Breedon Group Genr8 Bridgeland Developments Limited Give as You Live British Dragonfly Society Green Future Building Butterfly Conservation Green Leeds Calder & Colne Rivers Trust Greenhow Landscape & Biodiversity Enhancement Calderdale Council Habitat Aid Ltd Canal and River Trust Hammamelis Trust Castle Howard Estate Harewood House Estate Child Dynamix Harland and Co Solicitors City of York Council Harlaxton Engineering Services Limited Community Foundation Limited Harrogate Borough Council CP Thackray Charitable Trust Holderness Coast Fishing Industry Group Department for Environment, Food & Rural Affairs Holderness Fisheries Local Action Group Derbyshire Wildlife Trust Howardian Hills AONB Don Catchment Partnership HSBC Bank plc Don Catchment Rivers Trust Hull and East Riding Wildfowlers Association Doncaster East Internal Drainage Board Hull City Council Doncaster Metropolitan Borough Council Humber Aquaculture Partnership Double Two Humberhead Levels NIA Partnership Durham County Council Icthius Charitable Trust E.ON UK IUCN Peatland Earl Fitzwilliam Charitable Trust Jack Brunton Charitable Trust East Riding of Yorkshire Council John Lewis Plc East Yorkshire Rivers Trust John Spedan Lewis Foundation Emily Weircroft Charitable Trust Jonathan and Margaret Allison Endangered Landscapes Programme Jordans Cereals
Page | 49 Yorkshire Wildlife Trust Vote of Thanks (cont'd) for the year ended 31 March 2020
Joseph Nickerson Charitable Foundation Rural Payments Agency Kirklees City Council Sandbeck Park Lab Centre Scarborough Borough Council Land Trust Scottish Natural Heritage Leeds City Council Seafarers Hospital Society Leicestershire and Rutland Wildlife Trust SeaGrown Ltd Lincolnshire Co-operative Ltd SeaWatch Foundation Lincolnshire Wildlife Trust Selby District Council Loch Lomond & the Trossachs NPA Seven Trent PLC Marine Life Sheffield and Rotherham Wildlife Trust Marine Management Organisation South Holderness Countryside Society Marjorie Coote Animal Charity Trust Spurn Bird Observatory Trust Marshall and Viggars Charitable Trust Spurn Migfest Master Pile Stephen Martin McDonald’s Scarborough Suffolk Wildlife Trust Micro Program Services Tesco Bags of Help Middlemarch Environmental Ltd The Boatman Charitable Trust Ministry of Housing, Communities and Local Government The Co-operative Mountain Warehouse (Beverley) The Coulthurst Trust National Trust The Deep Natural England The Ecology Trust Nidderdale AONB The Linden Charitable Trust Ninehundred Communications Group Limited The National Lottery Community Fund Norfolk Wildlife Trust The National Lottery Heritage Fund North Lincolnshire Council The Players of the People's Postcode Lottery North Pennines AONB Partnership The Robert Fuller Gallery North York Moors National Park Authority The Rotary Club of Doncaster North Yorkshire County Council The Shears Foundation Northern Electric PLC Tinsley Charitable Trust Northern Powergrid Treboom Northumberland Wildlife Trust University of Hull Nottinghamshire Wildlife Trust University of Leeds Patrick Turner University of York Persimmon Homes Veolia Environmental Trust Pro Tyre Vera Kaye Rollit Charitable Trust Probe (Hull) Ltd Vincent Wildlife Trust - Kevin O’Hara PwC Vine House Farm R E Chadwick Charitable Trust Visit Hull and East Yorkshire River Hull Valley Drainage Heritage Voluntary Action Barnsley Robin and Sue Perutz Voluntary Action Kirklees Rotary Club of Harrogate Waitrose Limited Royal Botanic Gardens Kew Wakefield Metropolitan District Council Royal National Lifeboat Institution Walker Morris LLP Royal Society for the Protection of Birds Welcome to Yorkshire Royal Society of Wildlife Trusts West Beck Preservation Society
Page | 50 Yorkshire Wildlife Trust Vote of Thanks (cont'd) for the year ended 31 March 2020
West Yorkshire Combined Authority Wetwheels Yorkshire Wharfedale Naturalists Society Wildlife Guardians Wildlife Travel Woodlands Trust Xiros YHA Youth Hostels Association – Boggle Hole YMCA Barnsley York Civic Trust York Diocesan Board of Finance/ Pybus trust York Ornithological Club Yorkshire & Clydesdale Bank Yorkshire Agricultural Society Yorkshire Coast Nature Yorkshire Dales Millennium Trust Yorkshire Dales National Park Authority Yorkshire Dales Rivers Trust Yorkshire Derwent Catchment Partnership Yorkshire Farming and Wildlife Partnership Yorkshire Naturalists Union Yorkshire Water
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